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Sanlam Maroc Posts 9.5% Revenue Growth in Q1 2026, Life Insurance Segment Surges 81%
Sanlam Maroc announced a solid performance for the first quarter of 2026, posting total revenue of MAD 2.28 billion – a 9.5 % increase year‑on‑year. The non‑life portfolio grew modestly, while the life insurance line exploded with an 81 % jump, highlighting strong market demand. On the balance sheet, assets tied to insurance operations rose to MAD 18.25 billion and net technical provisions from cedants increased by 5.7 %, underscoring a healthy underwriting and investment profile for the insurer.
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Q1 2026 Financial Highlights
Sanlam Maroc reported a total revenue of MAD 2.28 billion for the first quarter of 2026, up 9.5 % year‑on‑year.
Revenue by Business Line
- Non‑Life insurance: MAD 2.01 billion, a 4 % increase compared with Q1 2025.
- Life insurance: MAD 268 million, representing an 81 % jump from the same period a year earlier.
Balance Sheet Highlights
- Invested assets linked to insurance operations reached MAD 18.25 billion as of 31 March 2026, a 1.6 % rise since December 2025.
- Net technical provisions from cedants grew 5.7 % year‑over‑year to MAD 16.5 billion.
The figures underline a solid performance in both underwriting and asset management, positioning Sanlam Maroc for continued growth in the Moroccan insurance market.